Northland Capmk upgraded shares of Satixfy Communications (NYSEAMERICAN:SATX - Free Report) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Separately, Northland Securities began coverage on Satixfy Communications in a report on Thursday. They issued an "outperform" rating and a $2.00 price objective on the stock.
Read Our Latest Analysis on SATX
Satixfy Communications Price Performance
Satixfy Communications stock remained flat at $0.84 during midday trading on Thursday. 62,836 shares of the company traded hands, compared to its average volume of 82,316. Satixfy Communications has a 52-week low of $0.30 and a 52-week high of $1.11.
Satixfy Communications (NYSEAMERICAN:SATX - Get Free Report) last issued its quarterly earnings data on Friday, September 6th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $4.15 million during the quarter.
Institutional Trading of Satixfy Communications
A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC raised its stake in Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Free Report) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,277,958 shares of the company's stock after purchasing an additional 95,115 shares during the quarter. Senvest Management LLC owned 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent reporting period. 5.04% of the stock is owned by institutional investors.
About Satixfy Communications
(
Get Free Report)
Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.
See Also
Before you consider Satixfy Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Satixfy Communications wasn't on the list.
While Satixfy Communications currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
